Aabø-Evensen & Co was legal advisor to Kolonial.no AS, Norway's premier online grocer, in connection with MNOK 150 equity and debt financing.

Kolonial.no AS has secured a total of NOK 150,000,000 in new financing from the private investor RASMUSSENGRUPPEN AS, consisting of NOK 100,000,000 in equity through a private placement and NOK 50,000,000 in unsecured debt.

In addition to RASMUSSENGRUPPEN AS, certain other investors subscribed for additional equity in the private placement.

Kolonial.no AS has from startup in 2013 grown from zero to 2016 sales of approx. NOK 424,000,000 (MEUR 45) and continues its rapid growth, making it Norway's biggest online grocer by revenue. The terms of the private placement represents a valuation of the privately held company of approx. NOK 1.5 billion (MEUR 157).

Aabø-Evensen & Co is legal advisor to Kolonial.no AS.